(a) For the purpose of carrying out § 5-8-301, the county legislative body of the several counties may appoint a committee with authority to designate the types of investments, the amounts of those investments and the maturity of those investments.(b) No liability shall attach to any member of a committee selected for the purpose mentioned in subsection (a), except for misfeasance or malfeasance in the performance of the duties imposed on the committee.Acts 1943, ch. 23, § 2; C. Supp. 1950, § 1044.2 (Williams, § 1080.2); impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 5-820; Acts 2006, ch. 693, § 3.
Tennessee Legal Code